SOLUTIONS MANUAL

Solutions manual For Auditing: A Practical Approach with Data Analytics 2nd Edition by Raymond N. Johnson and Laura D. Wiley

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Pages: 371
File size: 4 MB
Format: Digital PDF
Course: Accounting
Category: SOLUTIONS MANUAL

About this ebook

Solutions manual For Auditing: A Practical Approach with Data Analytics 2nd Edition by Raymond N. Johnson and Laura D. Wiley focuses on integrating data-driven technology with core auditing frameworks. The book contains 16 distinct chapters mapping out the complete audit cycle. [1, 2, 3]

The complete list of topics and chapters covered in this edition includes:

Part I: Audit Foundations & Risk Assessment

Chapter 1: Introduction and Overview of Audit and Assurance – Core assurance fundamentals, applicable reporting frameworks, and demand for auditing. [1, 2]
Chapter 2: Professionalism and Professional Responsibilities – Ethical standards, AICPA rules, auditor integrity, objectivity, and independence. [1, 2]
Chapter 3: Risk Assessment Part I: Audit Risk and Audit Strategy – Identifying material misstatements, applying professional skepticism, and planning materiality. [1, 2, 3]
Chapter 4: Risk Assessment Part II: Understanding the Client – Business and industry analysis, identifying inherent risks, and evaluating related parties. [1, 2, 3]
Chapter 5: Audit Evidence – Types of audit evidence, sufficiency, appropriateness, and financial statement assertions. [1, 2]
Chapter 6: Gaining an Understanding of the Client’s System of Internal Control – Internal control frameworks (COSO), types of controls, and identifying system deficiencies. [1, 2, 3]

Part II: Internal Controls & Data Analytics Integration

Chapter 7: Gaining an Understanding of Internal Control over Financial Reporting (ICFR) – Specific focuses on testing control design and operating effectiveness. [1, 2]
Chapter 8: Audit Data Analytics (ADA) – Defining ADAs, data visualizations, and preparation tools from the auditor's perspective (moved to Chapter 8 in this edition). [1, 2]
Chapter 9: Risk Response: Performing Tests of Controls – Executing procedures to test the performance of a client's internal safeguarding systems. [1, 2]

Part III: Risk Response, Sampling & Substantive Testing

Chapter 10: Risk Response: Performing Substantive Procedures – Traditional substantive testing, analytical procedures, and gathering corroborative evidence.
Chapter 11: Risk Response: Evaluating Audit Data Analytics and Audit Sampling – Concepts of statistical/non-statistical sampling mixed with modern ADA evaluation techniques.
Chapter 12: Auditing the Revenue Process – Assessing transaction cycles, controls, and accounts related to sales, cash receipts, and receivables.
Chapter 13: Auditing the Purchasing and Payroll Processes – Transaction cycles and balances for acquisition, cash disbursements, and employee compensation.
Chapter 14: Auditing Inventory Control – Evaluation and procedures surrounding inventory valuation, counts, and cost accounting controls.
Chapter 15: Auditing Various Balance Sheet and Related Income Statement Accounts – Verification of remaining line items like fixed assets, debt, equity, and expenses. [1, 2, 3, 4, 5]

Part IV: Completing the Audit & Reporting

Chapter 16: Completing and Reporting on the Audit – Final subsequent reviews, litigation evaluations, going-concern assessments, and issuing the official Audit Report. [1, 2, 3, 4]